Adolfo D.
Thoughts on using name for LLC.
Hello BP community! What are your thoughts on using your own name, or nicknames in your LLC company name? I've heard mixed responses.
Kacper Rajewski
Does flipping small houses makes sense?
Basically the title. Im talking about ~320 square feet houses 1 bedroom 1 bathroom. Is it easy (or even possible) to sell them when the main target grup is single individuals or young couples and they obviously have l...
Mark Fletcher
Flips and Rentals under one business a good idea? Bookkeeping?
I started an LLC for the purpose of wholesaling. I haven’t successfully wholesaled anything yet, but I’m about to purchase a rental property. I expect to still wholesale some properties in the future. I know of severa...
James Tatlow
Help - entity creation question
Hi BP-I recently talked with an attorney about setting up an LLC to hold a couple of rental properties. Previous rentals had been held in my own name, but I wanted to transfer current properties into an LLC. I had h...
Shirley Dimitro
Buying STR in North Georgia - Inspection scaring me.
Need advice: I am in the process of buying a cabin in Blue Ridge, GA for STR purposes. The inspection came back today saying that "the home is adequately constructed," however noted the following concerns: 1. "There...
Marques Harrer
Setting up an LLC
Hello all,I just bought my first rental property and now am in the process of looking into protecting myself and my asset by setting up an LLC. I live in Washington state and the rental is also in Washington state. ...
Marty Gangler
1099-c on a short sale in 2012 -rental that was primary
Hello. I had a house in the suburban Chicago area for 5 years. The first 3 years it was a primary residence. Then once we decided to increase our family we bought a new house and converted the first house to a rent...
Ben Lovro
9 Habits that Successful People Implement Every Single Day
Your goals and outcomes in life are nothing but compounded habits. Focus on doing the activities that will help you find your passion and one day lead you become the person that you intend to be. There is something sa...
Jean-Thierry Aleman
Mortgage interest deduction when paying cash for initial purchase
I am about to acquire a property using cash so we can do a fast close. I am then going to finance it with standard mortgage. I thought I could deduct the mortgage interest from the loan but read somewhere I can't do...
Nicholas P.
Two Questions (Mileage Related)
1) Can anyone recommend an accountant in Des Moines area that they use and specialize in real estate?2) Regarding mileage. Lets say I'm going to Ankeny for dinner, its about 30 miles round trip for me. If I look up a ...